14:52 Apr 17, 2018 |
English to French translations [PRO] Bus/Financial - Management / Prêts intersociétés | |||||||
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Summary of answers provided | ||||
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4 -1 | qui aligne les actifs sur les passifs |
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4 -1 | correspondance entre les périodes de maturité |
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Discussion entries: 8 | |
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qui aligne les actifs sur les passifs Explanation: http://noenthuda.com/blog/2008/12/20/tenure-matching/ -------------------------------------------------- Note added at 4 hrs (2018-04-17 18:57:09 GMT) -------------------------------------------------- To be more precise: 'qui aligne la durée de vie des actifs aux échéances des passifs' -------------------------------------------------- Note added at 11 hrs (2018-04-18 02:43:53 GMT) -------------------------------------------------- Erratum: 'qui aligne la durée de vie des actifs sur les échéances des passifs' instead of 'qui aligne la durée de vie des actifs aux échéances des passifs' |
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tenure-matching [of interest rates] correspondance entre les périodes de maturité Explanation: tenure-matching "The interest rates applied to intercompany loan transactions consist of two components, namely a market rate as a basis plus an interest margin. The base is a variable tenure-matching Interbank Offered Rate (e.g. Euribor or LIBOR)" The base [rate] is a variable tenure-matching Interbank Offered Rate (e.g. EURIBOR or LIBOR) = Le taux d'intérêt de base est le Taux interbancaire offert applicable aux prêts de même maturité / de même durée (p. ex. le EURIBOR ou le LIBOR) HERE the "matching" is between the "tenure" of the intercompany loan and the "tenure" of the LIBOR rate to be applied to this loan; LIBOR [same as EURIBOR] is not one single interest rate, but a set of interest rates that depend on the "tenure" [= the duration of the loan, also known as "maturity"] IOW the "tenure-matching" in this ST means that if the intercompany loan is for a period of say 10 months [="tenure" of 10 months], then the "base rate" applied to the loan will be the LIBOR rate for a loan with a maturity / tenure of 10 months. N.B. Here it's completely irrelevant what the intercompany loan is used for. LIBOR - current LIBOR interest rates LIBOR is the average interbank interest rate at which a selection of banks on the London money market are prepared to lend to one another. LIBOR comes in 7 maturities (from overnight to 12 months) and in 5 different currencies. The official LIBOR interest rates are announced once per working day at around 11:45 a.m. In the past, the BBA/ICE published LIBOR rates for 5 more currencies (Swedish krona, Danish krone, Canadian dollar, Australian dollar and New Zealand dollar) and 8 more maturities (2 weeks, 4, 5, 7, 8, 9, 10 and 11 months). LIBOR is watched closely by both professionals and private individuals because the LIBOR interest rate is used as a base rate (benchmark) by banks and other financial institutions. Rises and falls in the LIBOR interest rates can therefore have consequences for the interest rates on all sorts of banking products such as savings accounts, mortgages and loans. EUR 04-17-2018 04-16-2018 04-13-2018 04-12-2018 04-11-2018 Euro LIBOR - overnight -0.44186 % -0.44186 % -0.44186 % -0.43829 % -0.43900 % Euro LIBOR - 1 week -0.42200 % -0.42200 % -0.42200 % -0.42200 % -0.42200 % Euro LIBOR - 2 weeks - - - - - Euro LIBOR - 1 month -0.40157 % -0.40157 % -0.40157 % -0.40014 % -0.40086 % Euro LIBOR - 2 months -0.38271 % -0.38314 % -0.38314 % -0.38457 % -0.38457 % Euro LIBOR - 3 months -0.36500 % -0.36500 % -0.36500 % -0.36571 % -0.36571 % Euro LIBOR - 4 months - - - - - Euro LIBOR - 5 months - - - - - Euro LIBOR - 6 months -0.32371 % -0.32371 % -0.32371 % -0.32371 % -0.32371 % Euro LIBOR - 7 months - - - - - Euro LIBOR - 8 months - - - - - Euro LIBOR - 9 months - - - - - Euro LIBOR - 10 months - - - - - Euro LIBOR - 11 months - - - - - Euro LIBOR - 12 months -0.24629 % -0.24629 % -0.24629 % -0.24486 % -0.24486 % http://www.global-rates.com/interest-rates/libor/libor.aspx -------------------------------------------------- Note added at 15 days (2018-05-02 20:09:37 GMT) -------------------------------------------------- should be blindingly obvious, but it seems not to be so for everyone: ST: "The base is a variable tenure-matching Interbank Offered Rate (e.g. Euribor or Libor)" => here "tenure-matching" is used as adjective qualifying the "Interbank Offered Rate (e.g. Euribor or Libor)" IOW the "tenure" to be matched in this ST is the "tenure" of the "Interbank Offered Rate" Basic logic would dictate that you "match" what's comparable, of the same kind, so a "match" to the "tenure" of one (interest) rate would be the "tenure" of some other (interest) rate ... -------------------------------------------------- Note added at 15 days (2018-05-03 10:52:55 GMT) -------------------------------------------------- or to be more accurate: the "tenure" associated with/interdependent with one interest rate (of the intercompany loan) should be matched to the "tenure" of the LIBOR (or EURIBOR) interest rate chosen to be used as base rate. |
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